By Will Horner

A roundup of key agricultural commodity markets for the week of Nov. 1-5 by Dow Jones Newswires in London.

GRAINS & OILSEEDS

Grains futures jumped Monday, led by wheat, amid concerns about market tightness driven by strong demand and poor harvests.

In Chicago, wheat prices hit their highest level since 2013. The contracts rose 3.4% to $7.99 a bushel. Corn rose 1.9% to $5.79 a bushel while soybeans edged up 0.2% to $12.51 a bushel.

Traders were awaiting the results of an Egyptian wheat tender, the nation's second in two weeks. Russian wheat costing $331.90 a metric ton was the cheapest on offer at the tender, according to a lineup of offers seen by The Wall Street Journal.

Prices at Egypt's tenders have climbed since the start of the year amid tight supplies and export controls from some of the world's major producers. At a tender last week, Egypt paid $327 a metric ton for the cheapest cargo of Russian wheat. In February, at the nation's first tender of the year, it paid just $291.70 a ton for French wheat.

"Overriding concerns surrounding global supply tightness [have been] a strong bullish theme through this season," said William Rutherford-Roberts, agricultural commodities analyst at StoneX in a note last week. Rising input costs and Russian export taxes on wheat have added to bullish sentiment, he said.

In focus Thursday will be the United Nations Food and Agriculture Organization's Food Price Index amid rising concerns about food inflation. Last month, the FAO said global food prices hit a decade high on strong demand.

Corn prices were being supported by dryness in major producer Argentina, said Tobin Gorey, director of agriculture strategy at Commonwealth Bank of Australia. Rain in the region was expected to begin at the start of the week and last until Tuesday, he said.

The U.S. Department of Agriculture is expected to issue an update on U.S. agricultural trade data on Friday, while the crop progress report was due Monday.

SOFT COMMODITIES

Soft commodity prices rose Monday supported by weakness in the U.S. dollar. New York-traded coffee futures rose 2.2% to $2.08 a pound, sugar rose 0.6% to 19.40 U.S. cents a pound while cocoa rose 0.6% to $2,561 a ton.

Sugar has rebounded following a sharp drop on Friday. The Friday fall would likely be bullish for the sweetener however, Mr. Gorey said, as the drop would likely encourage Indian producers to hold off from exports, reducing the availability of sugar on the global market.

"We think that fact will eventually provide support to prices this week, " he said.

Write to Will Horner at william.horner@wsj.com

(END) Dow Jones Newswires

11-01-21 1249ET